U.S. - Preserved Asparagus - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Asparagus Price in the United States - 2023
Contents:
- Preserved Asparagus Price in the United States (CIF) - 2023
- Preserved Asparagus Price in the United States (FOB) - 2022
- Preserved Asparagus Imports in the United States
- Preserved Asparagus Exports in the United States
Preserved Asparagus Price in the United States (CIF) - 2023
In August 2023, the average preserved asparagus import price amounted to $2,265 per ton, dropping by -8.4% against the previous month. In general, the import price showed a slight decline. The pace of growth was the most pronounced in October 2022 when the average import price increased by 23% m-o-m. As a result, import price reached the peak level of $2,865 per ton. From November 2022 to August 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the country with the highest price was Peru ($2,300 per ton), while the price for China totaled $1,746 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Peru (-1.4%).
Preserved Asparagus Price in the United States (FOB) - 2022
In 2022, the average preserved asparagus export price amounted to $4,038 per ton, picking up by 29% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($22,555 per ton), while the average price for exports to Iceland ($2,210 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+25.8%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Asparagus Imports in the United States
In 2022, purchases abroad of preserved asparagus decreased by -6% to 7.2K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 45%. As a result, imports attained the peak of 8.1K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, preserved asparagus imports dropped to $19M in 2022. The total import value increased at an average annual rate of +5.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 33%.
| Import of Preserved Asparagus in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 15.5 | 20.7 | 20.9 | 17.8 | 4.7% |
| China | 0.3 | 0.3 | 0.4 | 0.6 | 26.0% |
| Others | 0.1 | 0.2 | 0.1 | 0.2 | 26.0% |
| Total | 15.9 | 21.2 | 21.3 | 18.7 | 5.6% |
Top Suppliers of Preserved Asparagus to the United States in 2022:
- Peru (6.9K tons)
- China (0.2K tons)
Preserved Asparagus Exports in the United States
In 2022, overseas shipments of preserved asparagus decreased by -55% to 67 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 154%. As a result, the exports attained the peak of 211 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, preserved asparagus exports dropped notably to $272K in 2022. In general, exports recorded a perceptible slump. The pace of growth appeared the most rapid in 2020 with an increase of 109%. As a result, the exports attained the peak of $628K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Preserved Asparagus in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 21.5 | 286 | 286 | 87.8 | 59.8% |
| Costa Rica | 193 | 195 | 95.2 | 78.8 | -25.8% |
| Germany | N/A | N/A | N/A | 43.8 | 0% |
| Canada | 3.1 | N/A | N/A | 18.7 | 82.0% |
| Guatemala | 16.1 | 35.5 | 26.6 | 18.4 | 4.6% |
| Iceland | N/A | 29.1 | 45.8 | 12.8 | -33.7% |
| Belgium | N/A | 25.0 | N/A | N/A | 0% |
| Paraguay | N/A | 14.4 | N/A | N/A | 0% |
| Others | 66.3 | 43.7 | 12.3 | 11.4 | -44.4% |
| Total | 300 | 628 | 466 | 272 | -3.2% |
Top Export Markets for Preserved Asparagus from the United States in 2022:
- Costa Rica (20.9 tons)
- Japan (20.4 tons)
- Germany (7.1 tons)
- Canada (6.3 tons)
- Iceland (5.8 tons)
- Guatemala (5.8 tons)
This report provides an in-depth analysis of the preserved asparagus market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10391760 - Preserved asparagus (excluding prepared vegetable dishes and asparagus dried, frozen or preserved by vinegar or acetic acid)
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In value terms, preserved asparagus imports contracted to $1.2M in March 2023.
172
In December 2022, the canned vegetable price stood at $2,140 per ton (CIF, US), dropping by -5.3% against the previous month.
433
In Q1-Q3 2021, the U.S. imported 576K tons of canned vegetables worth $1.3B, which was 23% more in physical terms and 17% more in monetary terms than in 2020. Over the full 2021, U.S. imports are estimated to hit the previous year's record of $1.5B. China, Canada and Peru remain the leading suppliers of canned vegetables to America.
238
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In 2020, global preserved sweet corn exports rose by +4.1% y-o-y to $1B. Thailand, Hungary and France head the list of the largest exporters worldwide. The average export price for preserved sweet corn remained relatively unchanged in 2020. Germany, the UK, Japan were the prime destinations for imported preserved sweet corn last year.
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